Hello guys!
Currently, the chart is showing the formation of a potential cup and handle pattern. The rounded bottom of the cup has already developed, suggesting that market participants are gradually regaining buying interest after the recent decline.
However, it’s important to note that:
This means the pattern is not yet validated —> it’s only a perspective and assumption at this stage. For the setup to confirm, we would need:
If the breakout occurs with solid volume, the measured target of the pattern could push the price toward the $1.00 level, which also aligns with psychological resistance.
Currently, the chart is showing the formation of a potential cup and handle pattern. The rounded bottom of the cup has already developed, suggesting that market participants are gradually regaining buying interest after the recent decline.
However, it’s important to note that:
- The handle has not yet formed, and
- A breakout confirmation is still missing.
This means the pattern is not yet validated —> it’s only a perspective and assumption at this stage. For the setup to confirm, we would need:
- A consolidation forming the handle, and
- A clean breakout above the neckline area.
If the breakout occurs with solid volume, the measured target of the pattern could push the price toward the $1.00 level, which also aligns with psychological resistance.
Сделка активна
The cup is fully formed
Заметка
the handle formed
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📊 AVATrade Ambassador Join & explore:
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🟢 Telegram channel: t.me/melikatrader94
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avatrade.com/trading-account?p=Webtrader&tag=220256
-----------------
🟢 Telegram channel: t.me/melikatrader94
🔴 Forex channel: t.me/melikatrader94GoldForex
Похожие публикации
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.